By Robert Tuttle and Grant Smith
March 3 (Bloomberg) — Oil gained, after dropping 10 percent yesterday, on speculation OPEC may take further steps to support prices at its meeting later this month.
The Organization of Petroleum Exporting Countries, implementing its biggest-ever supply cut, will devise a “solution” to boost oil prices when it meets on March [...]
By Maryelle Demongeot
SINGAPORE, Jan 19 (Reuters) - Oil fell almost 1 percent towards $36 a barrel on Monday in holiday-thinned trading, erasing some of the late gains made last week on short covering, with worries about weakening oil demand again at the forefront.
A ceasefire between Israeli forces and Hamas fighting in Gaza, together with [...]
Iran’s member of parliament Seied Mohammad Reza Tajeddini said here on Sunday that Iran has lost billions of dollars by a gas deal with a Gulf firm, the official IRNA news agency reported.
Tajeddini regarded the contract between the two sides as illegal, adding that it was against the constitution and the interest of the [...]
Reuters, The Associated Press
TEHRAN: Russia, Iran and Qatar made the first serious moves Tuesday toward forming an OPEC-style cartel on natural gas, raising concerns that Moscow could boost its influence over energy markets spanning from Europe to South Asia.
The Russian gas export monopoly Gazprom said it had agreed with Iran and Qatar to form a [...]
TEHERAN - IRAN wants higher oil prices and seeks to create balance in the market between supply and demand, Oil Minister Gholamhossein Nozari said in remarks published on Saturday ahead of next week’s Opec meeting.
The Organisation of the Petroleum Exporting Countries (Opec) meets in Vienna on Friday after oil prices tumbled to half their July [...]
Crude oil fell for a fourth day in New York on signs slowing global economic growth will reduce demand.
World markets are oversupplied and the Organization of Petroleum Exporting Countries may review output levels for the first quarter of 2009, Iranian Oil Minister Gholamhossein Nozari said October 4. Saudi Aramco, the world’s largest state-owned oil company, [...]
SINGAPORE, Oct 6 (Reuters) - Oil prices slumped 2 percent on Monday, falling for a fourth day as traders feared efforts to contain the spreading credit crisis would fail to stave off a deeper decline in oil demand.
It was a relatively quiet weekend in the U.S. financial sector after Friday’s passage of the landmark [...]
